HIA has released its new home sales data for September, which reveals ongoing trend falls, with the HIA also expecting sales to continue to fall until 2020:
Sales in the September quarter were 4.7 per cent lower than in the previous quarter and 8.0 per cent lower than in the September 2017 quarter…
Rather than being precipitated by interest rate hikes or global economic ructions, it has been tightening credit conditions at the behest of government and regulatory measures triggering a decline in home prices have been the main catalysts of the current downturn…
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
